The past few days were euphoric in the crypto scene, although gradually declining. Ripple (XRP) struggled around the $0.6 level and Toncoin (TON) tumbled following the arrest of Telegram CEO Pavel Durov.
Meanwhile, whales accumulate DTX Exchange (DTX), an emerging cryptocurrency with more upside potential. The second round of the ICO is almost sold out amid rising interest among large-volume investors—more than 90% of the tokens have been gobbled up. Given its solid fundamentals and huge growth prospects, it is deserving of the hype.
DTX Exchange (DTX): Whales Gobble Up New DeFi Protocol
DTX Exchange (DTX), a new DeFi project, is one of the rising stars on the investment block. Currently on whales’ radar, it stands out thanks to its innovative solution as a one-stop platform for all trading needs. As a low-cap gem, its growth prospects are more staggering than top altcoins like XRP and Toncoin, contributing to its appeal.
As one of the most fundamentally solid altcoins in presale, there is a huge demand—over 90% of the tokens have sold out. It aims to build a hybrid protocol that combines the best elements of decentralized and centralized exchanges.
Poised to reshape the global online trading market estimated to hit $13.3 billion in 2026, it is a promising wave to take advantage of. The hybrid exchange protocol will allow the trading of thousands of assets, including stocks, bonds, forex and cryptos, making it a good crypto to buy. A token costs just $0.04 in the second round of the ICO and is one of the most compelling altcoins not to miss out on.
Ripple (XRP): Struggles at Key Price Level
Ripple (XRP), a top altcoin, had one of its best runs in August. It soared past $0.7 during the March high—its annual peak. However, following the recent market dump, it plummeted below $0.45 in early August.
A rally was recorded following the court’s final verdict in the Ripple/SEC case in mid-August—a $125 million fine. The XRP price skyrocketed amid this news, soaring past $0.6. Investor confidence has returned, as has optimism, making it one of the best coins to invest in.
However, the price struggles around this level as profit-taking intensifies. With no clear trajectory, many are left disappointed. Nevertheless, an XRP price prediction suggests a rally past $1 before the end of quarter three, enough to spark excitement.
Toncoin (TON): Potential Decline to $4
Similarly, Toncoin (TON), one of the best altcoins, has had an impressive performance this year. That is until the unfortunate incident with the Telegram CEO. Pavel Durov, Telegram’s founder, was apprehended by the French authorities over the weekend, sparking FUD and selling pressure.
The Toncoin Telegram relationship means the former faltered amid uncertainty around the latter. With the TON Foundation’s vision being empowering a robust Web3 ecosystem in Telegram, among other relationships, the Toncoin price plummeted after this news broke out.
In the past 7 days, the token’s value has declined by over 20%, from $6.8 to hovering a little above $5. Fear of further decline looms in the air and according to a bearish Toncoin price prediction, it might retest $4 in the coming days.
Conclusion
Whales doubled down on DTX Exchange, an emerging cryptocurrency, ahead of XRP and Toncoin. This new altcoin stands out in terms of fundamentals and growth prospects, making it an instant favorite. To position yourself for what might be huge gains, we suggest becoming an early adopter.
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